Evening star. [volume] (Washington, D.C.) 1854-1972, 1887-04-28
ID EDITION.
--latest T6leglanS to The Star.
THE PACIFIC RAILROADS.
Charles Francis Adams I'm the Witness
Chair TOsDaV.

Chair To-Day.
NEW YoRx, April 2a-The inquiSition into the
working and financial management OF all the rail-
roads that have received aid from the Government
appointed by President Cleveland. Ex-Gov. Patti
son presided and Commissioner E Ellery Ander-
son acted as inqulsitor. Charles Francis Adams
Litter was not present, having had to return to
his duties as member OF the Illinois legislature.
Mr.. Adams said he had been president
and knew great deal Of the road and its manage
ment and workings during his presidency, Dut
knew X almost nothing about It prior 10 snat lime
II was not his business to look into the history OF
the roads but TO post himself on the c0nS0ndaLed
road. He had heard vague stories that directors
Godio on and Ames naa SO conou nany M
Adams had investigated these charges, but he was
not permitted to state his conclusions. MT. Adams
OF the branches of the Union Pacific:
1t was general examination. Zach OF them had
separate organization. The Union Pacinc, con-
Denver Pacific and the old Union Pacific. Mr..
Adams thought the charter OF the Union Pacinc,
consolidated, very narrow. He didn't suppose the
branch track under that charter. Mr.. Adams Is
supposed to be president OF all the branches. The
accounts Of the branches are kept in Omaha and
in Boston. For q transcript OF the books, MI.
Adams said, the Commission would have to see
commissioner Mink, who knew all about 1t. MI:
implicitly on Mr.. Mink Mr.. Adams examined the
affairs Of the Denver and South Park. It was
built by Governor Evans, OF Colorado, in 1882.
or 1883, and sold it-15O miles to the Union Pa
ctfc. GOV. Evans had had no connection with the
Union Pacific. Did not know whether the con-
Struct1on books had been transferred to the Union
Pacific. 1t was before his time. MI. Mink could
tell; he was present, and MI. Adams
looked for the comptroller. MI. Adams had
heard who made the bargain transferring Gov.
Evans road to the Union Pacific, but didn't know
who 1t was There was strong competition for
the possession OF the road and Mr.. Gould, OF the
Union Pacific, Mr.. Adams thought, succeeded in
closing the purchase for the road. Prices were
much inflated in Colorado at this time, and the
stock In the road was turned over at an extrava-
CANT price, as 1t turned out soon after.
COLORADO PRACTICALLY COLLAPsING.
The Evans road was built to satisfy the famous
mining boom, and carried men and tools to the spots
where hoes had been dug in the ground and called
mines. "When the boom collapsed, as any one
knows 1t did" said Mr.. Adams 'the road collapsed
1t has lost money every year since. ought TO
say, In Justice TO the men who purchased the road,
that before the bargain had been completed they
WERE OFFERED BY GEN. PALMER $15O,OOO FOR THE
BARGAIN.
state this on the word OF Mr.. Ames The net loss
in operating the road last year was O,OOO 1t
gets its business from travel to and from the
mines. The ups and downs in Colorado are such
that do not think the future OF this branch Is
hopeless II they struck a good mine, or new
mining country, or new mineral discoveries, 1t
would again prosper.